Fender Musical postpones launch of $245 million term loan B

By Sara Rosenberg

New York, Oct. 29 - Fender Musical Instruments Corp. cancelled its Tuesday bank meeting for its $245 million six-year term loan B because of weather conditions, according to a market source.

Wells Fargo Securities LLC and J.P. Morgan Securities LLC are the lead banks on the deal.

Proceeds will be used to refinance an existing term loan.

Fender is a Scottsdale, Ariz., maker of music instruments.

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